Thursday, February 28, 2019

IFCO announces acquisition by Triton for US$ 2.5 billion

Pullach, Germany – 26. February 2019: IFCO SYSTEMS, the leading global provider of reusable packaging solutions for fresh foods, today announced that its parent company Brambles has entered into a binding agreement to sell IFCO to Triton and a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), for an enterprise value of US$ 2.51 billion. The transaction is subject to customary regulatory approvals and is expected to be completed during the second quarter of... Source: RealWire

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